News
June 17, 2025
Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, recently met with U.S. Secretary of Energy Chris Wright in Washington, D.C. to advance strategic cooperation and expand U.S. investment across oil, gas, critical minerals and renewable energy.
News
June 13, 2025
Perenco Congo has confirmed a major investment project with the construction of a new offshore platform, Kombi 2. The Kombi 2 construction project, including the upcoming drilling phases, represents an investment of over $200 million.
News
June 04, 2025
The Government of Ghana, Tullow Oil, Kosmos Energy, PetroSA, Ghana National Petroleum Company (GNPC) and Explorco have entered into an MOU to extend production licenses covering the Jubilee and TEN fields in Ghana until 2040.
News
June 02, 2025
Nigeria’s President Bola Tinubu has signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output.
News
May 30, 2025
The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) have concluded a two-day roadshow to promote access to a US $1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference.
News
May 29, 2025
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The deal increases Shell’s stake in the Bonga oil field to 67.5%. Shell completed its sale of onshore Nigeria assets in the West African nation.
News
May 28, 2025
Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. Authorities are working to recover a body spotted underwater near the platform, according to Angola's Petroleum and Minerals Ministry.
News
May 27, 2025
South Africa has officially established its new state-owned oil corporation—South African National Petroleum Company (SANPC). The launch—which follows the merger of PetroSA, iGas and the Strategic Fuel Fund—signals the rise of an integrated oil company in South Africa.
News
May 23, 2025
Bienvenido Nguema Envo, CEO of Equatorial Guinea’s national oil company GEPetrol, is taking steps to emphasize the country's push to revitalize its oil and gas industry, attract new investment and strengthen energy security across West Africa.
News
May 22, 2025
TotalEnergies is preparing to begin offshore drilling in South Africa in 2026, pending final regulatory approvals, according to Mike Sangster, the company’s SVP for Africa Exploration & Production, who recently emphasized TotalEnergies' multi-energy strategy at the Invest in African Energy Forum in Paris.
News
May 21, 2025
Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production, storage and offloading (FPSO) vessel as well as the pre-laying activities for an upcoming drilling campaign.
News
May 21, 2025
Chevron Corp. and local authorities in Angola are searching for a missing worker after a fire broke out on a deepwater oil platform. The fire occurred while the platform was undergoing scheduled maintenance, injuring 17 people, including four who suffered severe injuries.
News
May 20, 2025
Law firm Haynes Boone defended The Shell Petroleum Development Company of Nigeria Limited (SPDC), now known as Renaissance Africa Energy Company (RAEC), against a $58 million lawsuit, securing a complete dismissal.
News
May 19, 2025
A top United Nations court has ruled in favor of Equatorial Guinea in a long-running territorial dispute with Gabon, awarding it sovereignty over three small islands located in potentially oil-rich waters in the Gulf of Guinea.
News
May 16, 2025
Halliburton and Rhino Resources have delivered two exploration wells within PEL 85 offshore Namibia, the companies announced. These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases.
News
May 15, 2025
Libya’s latest upstream licensing round has already attracted more than 40 applicants, signaling growing interest in its largely untapped hydrocarbon potential. The update was shared during a ConocoPhillips-sponsored session at the Invest in African Energy Forum.
News
May 13, 2025
Tullow Oil has formally signed an agreement with Gabon Oil Company to sell 100% of its working interests in Gabon for total cash consideration of $300 million (USD). The agreement follows an announcement made in March 2025 discussing terms of the deal.
News
May 13, 2025
Ghana is encouraging investors to increase oil output in order to stay ahead of a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at a forum on Tuesday.
News
May 07, 2025
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field.
News
May 05, 2025
Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approximately $135 million, including upfront payments for rig upgrades and mobilization.
News
April 29, 2025
The Republic of Congo's Minister of Hydrocarbons Bruno Jean-Richard Itoua will speak at African Energy Week (AEW) 2025. Congo is preparing to launch its 2025 licensing round – central to its strategy of increasing oil output from 274,000 to 500,000 bpd by 2027.
